Meta's $25 Billion Stock Offering Draws About 5x Oversubscription as Company Seeks $98 Billion to Boost AI Push

Meta Platforms' upsized $25 billion common stock offering attracted strong investor demand, with orders reaching roughly five times the number of shares available. The offering is part of an equity financing plan totaling $98 billion, and the company plans to use the proceeds for artificial intelligence infrastructure and personal superintelligence research and development. According to people familiar with the matter, more than half of the shares in the common stock offering were allocated to long-term investors and Meta's existing shareholders, suggesting institutional investors remain highly interested in the company's AI strategy. Meanwhile, the 15 largest allocations in the offering collectively took about 70% of the shares, indicating concentrated support from large institutional investors. (Caixin)